Teacher Retirement System of Texas Lowers Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Teacher Retirement System of Texas decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 20.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,416 shares of the construction company's stock after selling 22,726 shares during the period. Teacher Retirement System of Texas owned 0.20% of EMCOR Group worth $33,420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EME. Continuum Advisory LLC raised its position in shares of EMCOR Group by 53.7% in the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after acquiring an additional 29 shares in the last quarter. Dogwood Wealth Management LLC bought a new position in shares of EMCOR Group during the 4th quarter valued at $40,000. Summit Securities Group LLC bought a new position in shares of EMCOR Group during the 4th quarter valued at $45,000. Park Square Financial Group LLC bought a new position in shares of EMCOR Group during the 4th quarter valued at $48,000. Finally, True Wealth Design LLC raised its holdings in EMCOR Group by 24.3% in the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock worth $60,000 after purchasing an additional 26 shares during the period. Institutional investors own 92.59% of the company's stock.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the sale, the director directly owned 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony Guzzi sold 7,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.03, for a total value of $3,052,210.00. Following the completion of the sale, the chief executive officer owned 208,989 shares in the company, valued at $91,125,473.67. The trade was a 3.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

EMCOR Group Stock Up 0.6%

NYSE:EME traded up $3.20 during trading hours on Monday, reaching $550.42. The company's stock had a trading volume of 480,997 shares, compared to its average volume of 450,625. The stock has a 50 day moving average price of $476.84 and a two-hundred day moving average price of $441.92. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $553.97. The company has a market capitalization of $24.64 billion, a P/E ratio of 24.32 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.57 by $0.84. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the company earned $4.17 earnings per share. The business's revenue for the quarter was up 12.7% on a year-over-year basis. Equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is presently 4.42%.

Analyst Upgrades and Downgrades

EME has been the topic of a number of recent research reports. William Blair initiated coverage on EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating on the stock. Robert W. Baird initiated coverage on EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target for the company. Hovde Group upgraded EMCOR Group to a "hold" rating in a research report on Friday, June 27th. TD Securities began coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. Finally, Jefferies Financial Group started coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EMCOR Group currently has an average rating of "Moderate Buy" and an average price target of $518.00.

About EMCOR Group

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.